Member Info for kentan

If you haven't done so already, fill up your car tank before it hits the forecourt.
Any ideas when Front Puffin is due for stand-down and replacement vessel is commissioned at end of contract?
Will there be a final off-load in November and it sails off into the sunset.

http://www.miningweekly.com/article/savannah-applies-for-new-mining-lease-in-mozambique-2018-09-21

This article seems to have been overlooked, no mention or comment on it.

Paints a better picture of future prospects.

News release from Reuters 12 mins ago:

https://www.reuters.com/article/us-portugal-lithium-exclusive/exclusive-portugal-to-launch-tender-of-lithium-exploration-licenses-this-year-idUSKCN1M5199

It is "Kentan" ... how many more times.... don't you know Chinese?

$82 is for oil on the Nigerian index ... industry standard uses Brent Crude as a marker and that is currently $81.09

$81.19 and still rising at 10.am (BST) ... bodes well.

True to their modus operandi, I would anticipate the Half-Year Results to be made public at 4pm on Friday 28th September ... just enough time for the markets to digest the information before closing for the weekend.

If they are good, then the Sunday Newspapers will be tipping MXO as the bargain of the century ... but not holding out much hope for that.

Brent Crude at $80.75 as I write this, with USA to review sanctions on Iran in November.

And all the while, our JV partner Panoro Energy (PEN:OSL) today touched a 52 week high of 22.90Kr., up 423.26% over the period....

whilst we wallow near our 52 week low of 0.28p .... How come?

Brent Crude Oil has just topped $80pb ...need it to stabilise above now.

And where are we? .... going lower & lower ...

Unbelievable, makes no sense whatsoever ... unless there is something we haven't been told.

https://www.youtube.com/watch?v=ZZ8erxalpm4

btw ... it's Kentan.

The first one that came to mind was SOLO Oil but that has already been used (shareholders there are as depressed as we are). .... therefore:
So Low Oil would be an appropriate alternative.

Promised Oil Co. ... but would quickly be renamed Broken Promise Oil

I imagine Stephan's emails and postbag are full to breaking point every day with proposals to invest $000's of millions in MXO from Nigerian businessmen who have just inherited a family fortune or have relatives who formerly worked for the Nigerian Govt.... He fell for it once remember .... but he is now on his guard and not so naive.

https://www.youtube.com/watch?v=YkADj0TPrJA

Interesting that Christopher Michael McGarty (Accountant) sold his holding of 2,037,500 shares at 8p to realise £163k on August 20th 2018 ... he is still listed at Companies House as an active director (with David Archer) of African Mining & Exploration Ltd (a dormant company) & AME East Africa Limited (again with David Archer) where Savannah Resources has significant control (75%+ control).
https://www.fairfieldcurrent.com/2018/09/17/savannah-resources-sav-insider-sells-163000-in-stock.html
As an insider he must know something ... would not expect to sell on forthcoming good news that would raise the SP significantly.... the consensus target price is around 23.5p

On the 24th September it will be 2 years to the day from the announcement that SAV was submitting 2 licence applications to mine for Oman copper deposits.
https://timesofoman.com/article/92811
So would it be too much to hope that an announcement would be forthcoming that the licences have been granted on this 2nd anniversary?

"Take The Money And Run" is the first new name that springs to mind ...or

"Sunk Oil Company" ... see I fitted the SO in.

... in the oil world now prices have stabilised above $75 pb ... Today SDX shares were suspended on likely reverse t/o by BP of their Egypt oil/gas interests as part of a large divestment programme.
Now, not so long ago there was a meeting of Nigerian, Gabon and West African oil ministers with the Industry to focus on extending and upgrading the West African Gas / Oil Pipeline that can be served from Egypt and Morocco where SDX are prominent prospectors of oil and gas and the pipeline runs close to offshore Lagos.
Will the upbeat attention be turned on the Nigerian Aje OML 113 field by other oil companies looking for a share of the market by way of a t/o or jv?

At their Dussafu (Tortue field) prospect at offshore Gabon.
It has only taken them 18 months to turn this around, a fantastic achievement., guided by Blue Water Offshore who have pushed the project to the limit.
The news was announced yesterday 17th September 2018.
https://forum.hegnar.no/thread/11211/view and use a Norwegian translator.
Their share price (PEN:OSL) is up nearly 600% for the year and they only have 5 listed employees (but lots of sub-contractors and partners).
With a new steady income stream, they can now press on and connect the other drill holes to the FPSO BW Adolo chartered from BWO.

Now, why can't MXO do the same and stop fannying around, paying their directors a fortune for nothing?

It is always the same ... jam tomorrow ... but meanwhile, the toast is getting burnt!
There are only a handful of people running (if that is what they call it) this company with a very low MCap ... but they are all doing very nicely out of it at investors expense.
Panoro gives us hope with what they are doing in Gabon, once the Nigerians pull their fingers out things will progress. The country desperately needs oil and gas to support the predicted growth of the nation and fulfill the promises of their President, but corruption is still rife and tribal issues bring a lack of confidence to support the regime and that hinders progress ... it is commonplace in the whole of Africa.
We have waited patiently for the Aje-OML113 field to come to fruition, but delay after delay, problem after problem, means patience is now wearing thin. Rising oil and gas prices are not reflected in the value of MXO, when they should be supporting the SP and propelling it upwards.

Perhaps a bus driver would make a better job of steering this company!

Yes Panoro is flying, shares touched yearly high of 22.10NKr up nearly 600%... with FPSO in position at Dassafu (Gabon), oil prices rising again and a company behind them that pushes forward (BWO ..Blue Water Offshore)... whereas we are stuck in the mud off Nigeria and going nowhere by all accounts.

Reminds me a lot of the time when I was involved with office refurbishment in The City in the 90's. I was invited, along with a few others in the industry, to a large prestigious empty office space for a presentation by a so-called International Company for development of the buiding into multi-million pound luxury offices. After waiting around for an hour, a guy turns up with a briefcase, wearing a London Transport uniform, who informs us he was late because no-one could cover him for lunchtime. He was Nigerian ... say no more.

... now has the best-paid tea-boy in the City of London.